Chris Vargas’s Talk
Startup Fundamentals
Tip
- No.1 Find a problem/need.
- No.2 Know your market.
- No.3 Solution
- No.4 Go-to-Market strategy.
- No.5 Business model.
- Stages of a Startup
- Idea
- Minimum Viable Product “MVP”
- Product Market Fit = “PMF”
- Growth
- Expansion (new markets, products, services)
- Ways to “Do” a Startup
- Founder: lives in the future, see what is missing, pulls it forward
- Co-Founder: early, passionate believers in the Founder’s vision
- Early Team: <20 people, pre-product market fit
- Growth Team: 20-50, post-product market fit, CFO and CMO comes in here
- Investor
- Consultant, Advisor